Monday, August 1, 2011

It's not this budget deal that's killing us, not anytime soon. Dead just the same.

CBO has scored the bill passed by the House, under the debt deal, discretionary spending, which excludes Social Security, Medicare and Medicaid, would be cut $21 billion in 2012 and $42 billion in 2013, The spending cuts would increase to $75 billion in 2015 and $156 billion in 2021,

No real cuts will be brought to bear before 2014. It's been my suspicion all along that the Republicans didn't want any real cuts, you can't steal from a government that doesn't spend any money.

This doesn't mean the economy won't go in the tank, it was doing that already and nothing about this helps.

1 comments:

Anonymous said...

How to cut the debt.

If your democrat President would bring all the troops home from Iraq, Afghanistan, and 90 other countries where we have military bases, this debt issue would not come up at all. Being the policeman of the world gets rather expensive. Plus, $14.3 trillion and rising in debt makes it stupid, too..... In 1914, Great Britain was the richest country in the world with the reserve currency. The sun never set on the big empire. 30 years later was a bankrupt, debt laden basket case that needed to be rescued.... Thanks to Gen. Marshall and American taxpayers. Learn from history.